GE Capital received two notable CIO 100 awards for its innovative IT projects—one using big data and analytics to improve commercial fleet management and the other introducing new technologies to drive consumer adoption of mobile payments.
The 27th annual award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology.
Fleet Optimizer for Commercial Customers in the U.S.
GE Capital’s Fleet Services’ Fleet Optimizer—a software application that combines predictive analytics, geospatial visualization and an enhanced user experience—helps optimize spending and utilization for vehicle fleets.
Fleet managers will be able to mine historical data and forecast future costs such as those related to fuel and maintenance. From there, they can drill down to perform “what if” analyses to model alternative outcomes.
By easily identifying potential problem areas before they occur as well as potential cost savings and performance-improvement opportunities, fleet managers can take actions that may improve the return on investment of their fleets.
“Our business customers increasingly want better analytical data to help them make more informed decisions, identify growth opportunities and optimize their assets. By bringing together our core big data and advanced analytics capabilities, we’re helping customers transform that data into a competitive advantage,” said Sigal Zarmi, CIO, GE Capital, Americas.
Payment Innovation Program for Consumers in the Czech Republic
GE Capital’s Payment Innovation Program, launched in the Czech Republic, introduced a series of mobile payment methods to consumers in that market, providing a more convenient way for them to conduct daily financial transactions, including Contactless Cards (no PIN required) and Payment Stickers (attachable by glue or keychain to a mobile phone).
This new payment program not only offered these customers convenience, choice and flexibility to manage their financial transactions with the method of their preference, but also, through improved security, it lowered the amount of fraud losses for the company. GE Capital is the only commercial organization to currently offer all contact-less payment options to the Czech market.
The 2014 awards mark the sixth consecutive year, and 18th year in total, that GE has been acknowledged for its innovative use of technology to drive value for customers and make a positive impact on businesses and consumers’ lives.
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